The second week of June is not going to be as fruitful in terms of statistics as the previous one; instead, it will refresh the investors’ understanding of credit and monetary policies of Central banks, as well as provide new estimations of the oil sector.
OPEC+ had a meeting. Brent and WTI prices grew by 1.89% and 1.45%. Tech analysis of oil futures and Exxon Mobile shares.
The beginning of summer is promising to be active: the amount of public statistics increases, another OPEC+ meeting is due alongside meetings of Central banks. Things are active, effective, and bright.
Colonial Pipeline put its work to a halt due to a hacker attack. Oil prices grew by 1.5%. Fuel shortage on the East Coast interrupted the work of airlines, and a state of emergency was declared in Florida.
The last week of March and the beginning of April in financial markets and other assets might be somewhat emotional due to the planned session of OPEC+ and a flow of US employment statistics.
Another week of March will be surprisingly eventful: there will be a lot of sessions of Central banks, a flow of statistics, which means investors will enjoy a whole assortment of drivers or making trading decisions.
At the first week of March, the market will focus on everything about oil production and, of course, the US employment statistics. Things will definitely not be boring.
Since the beginning of the year, oil prices have grown by over 20%, reaching the highs of the last 13 months. Analysts from the Bank of America and Socar Trading SA are sure that in the nearest future, oil price will reach 100 USD per barrel.
Oil prices have reached their record of the last 13 months. The main reasons sticking to OPEC+ agreements on production, a decrease in the world storage, the stimulation of the US economy, global vaccination, and, finally, record colds in the USA.
The second week of February will focus on the same assets as the first one: oil and the USD. Both look overbought, but while investors are benevolent, they might go on growing, even from such high prices.
The third week of January will become the time of Central banks, while the USA will see the inauguration of Joe Biden, the president elected. These events will be enveloped in news, so investors will not have time for boredom.
This new week of January is unlikely to be eventful: the market has just got a whole load of news and is busy analyzing it. Oil is pricey, the risk seems appealing, and the nearest future does not look complicated.
One shouldn’t expect a Pre-New Year week to be feverish or volatile: everything that had to happen has already happened. It’s time to take a break to save strengths and come back to financial markets in the New Year as fresh as paint.
It is unlikely that this Christmas week, the last full week of this weird year will surprise us with some breakthroughs or drastic changes. Let us just celebrate the Catholic Christmas and hope that the elves are in good mood.
The new week of December might seem interesting only because there are plenty of Central bank conferences scheduled for it. We will discuss them separately.